Stock Movers

• iRobot Drops, ServiceNow Falls, Costco Slips on Ratings Cut

  On this episode of Stock Movers:- iRobot (IRBT) shares plunge after the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model, filed for bankruptcy and proposed handing over control to its main Chinese supplier. - ServiceNow (NOW) shares are down after news that the company is near an agreement to buy cybersecurity startup Armis in a tie-up that could be valued at up to $7 billion, according to unidentified people familiar with the talks in a report by Bloomberg.- Costco (COST) shares slip after after Roth Capital Partners analyst William Kirk cut his recommendation on the club retailer to sell from neutral. Despite 1Q EPS beating estimates last week, Kirk sees several underlying metrics that are “concerning.” Renewal rates are fading. Paid members have slowed, possibly negative q/q (adjusted for openings.) Comparable-store traffic is decelerating on a year-over-year basis.See omnystudio.com/listener for privacy information.

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• ServiceNow Drops, Franklin Resources Rises, iRobot Plunges After Filing for Bankruptcy

  On this episode of Stock Movers:- ServiceNow (NOW) shares are down after news that the company is near an agreement to buy cybersecurity startup Armis in a tie-up that could be valued at up to $7 billion, according to unidentified people familiar with the talks in a report by Bloomberg.- Franklin Resources (BEN) shares rise after the firm said the US Department of Justice is preparing to resolve an investigation into its fixed-income unit, Western Asset Management Co., without criminal charges following the government’s allegations of securities fraud against its former star manager, Ken Leech.- iRobot (IRBT) shares plunge after the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model, filed for bankruptcy and proposed handing over control to its main Chinese supplier.See omnystudio.com/listener for privacy information.

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• Roomba Maker iRobot Files for Bankruptcy; Nvidia Leads Mag 7 Higher; Intel Gains

  On this episode of Stock Movers:- Shares of Roomba maker iRobot Corp. (IRBT) plummeted ahead of the US market open after the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model, filed for bankruptcy and proposed handing over control to its main Chinese supplier. The Massachusetts-based consumer robot maker, which is currently listed, will be taken over by China’s Shenzhen PICEA Robotics Co. and a subsidiary of the Chinese firm, according to a press release. The common stock of the company, founded in 1990 by engineers from the Massachusetts Institute of Technology, will be wiped out under the proposed Chapter 11 plan filed in Delaware on Sunday.- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.See omnystudio.com/listener for privacy information.

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• Nvidia Rises; Intel Pushes Higher; Texas Instruments Declines

  On this episode of Stock Movers:- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.- Shares of Texas Instruments (TXN) dropped ahead of the US market open after Goldman Sachs analyst James Schneider cut the recommendation on Texas Instruments to sell from buy. The downgrade highlights tech sector struggles beyond the artificial intelligence trade, with TI a major player in analog chip technology.See omnystudio.com/listener for privacy information.

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• Juventus's Crypto Bid, Sanofi Setbacks, TT Electronics Falls

  On this episode of Stock Movers:- Juventus Football Club SpA shares rose the most this year after the Agnellis family’s investment vehicle Exor NV rejected an unsolicited bid by Tether Holdings to acquire the Italian football club.- Sanofi’s experimental multiple sclerosis drug got hit with two setbacks on Monday: a regulatory delay in the US as well as a failure in a late-stage clinical trial. - TT Electronics plunges as much as 22%, the most since April, after DBAY Advisors said it does not plan to make a takeover offer for the London-listed maker of engineered electronics.See omnystudio.com/listener for privacy information.

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